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Adidas' Activity In China Decreases By 85 Percent
The activity of the German sportswear brand Adidas in China has dropped by 85 percent, as stores closed
Yazar: Zack Smith
Yayınlanma: 19 Şubat 2020 19:24
Güncellenme: 16 Kasım 2024 00:38
The activity of the German sportswear brand Adidas in China has dropped by 85 percent, as stores closed due to coronavirus and fear of contamination reduced consumer appetite.
According to the email sent by Adidas, the decline in the company's activities occurred in the period after January 25. In addition, the sports brand reported a slight decline in Japan and South Korea but had no significant impact on the activity.
In China, authorities took drastic measures to combat the new virus, which killed more than 2,000 people. Businesses encouraged their employees to stay at home, while shopping malls and restaurants evacuated. Amusement parks and theaters are closed.
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